Rockport Industries Inc. gathered the following data for March: Sales price per unit Number of units of sales Total sales Planned Actual $150 $144 x 12,500 x 12,900 $1,875,000 $1,857,600 Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Compute the revenue price variance. b. Compute the revenue volume variance. c. Compute the total revenue variance.

Rockport Industries Inc. gathered the following data for March: Sales price per unit Number of units of sales Total sales Planned Actual $150 $144 x 12,500 x 12,900 $1,875,000 $1,857,600 Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Compute the revenue price variance. b. Compute the revenue volume variance. c. Compute the total revenue variance.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Question

### Revenue Variances

Rockport Industries Inc. gathered the following data for March:

| | Planned | Actual |
|-----------------------|--------------|--------------|
| Sales price per unit | $150 | $144 |
| Number of units sold | × 12,500 | × 12,900 |
| Total sales | $1,875,000 | $1,857,600 |

Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

#### a. Compute the revenue price variance.
\[ \text{Revenue Price Variance} = \]

\[ \_\_\_\_\_\_ \]

#### b. Compute the revenue volume variance.
\[ \text{Revenue Volume Variance} = \]

\[ \_\_\_\_\_\_ \]

#### c. Compute the total revenue variance.
\[ \text{Total Revenue Variance} = \]

\[ \_\_\_\_\_\_ \]

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